James Dondero, the current CEO of Highland Capital Management, recently announced an impressive $1 million grant challenge to help The Family Place finish its $16.5 million capital raising campaign. The money raised in the campaign will be used to construct and manage the Ann Moody Place center to serve victims of domestic violence in Dallas, Texas.
The Family Place is one of the largest nonprofit organizations that seeks to end domestic-related violence in the state of Texas. It works tirelessly to prevent and eliminate domestic violence through proactive prevention, intervention, advocacy, offering assistance to victims, and carrying out extensive community education. The organization has helped thousands of Texas residents living in abusive environments find help, protection, and self-sustenance. Its programs are provided in both English and Spanish.
How the Grant Will Work
Highland Capital Management’s $1 million grant challenge is designed to fast-track the final leg of The Family Place’s capital raising campaign. In essence, to help the organization raise the remaining $2.8 million out of the targeted $16.5 million, Highland Capital will match any donation made by 50 percent – up to $1 million.
The grant will be administered through Highland Capital’s Philanthropic arm, the Highland Dallas Foundation, Inc. Furthermore, the grant challenge will wind up on April 4, 2017. By then, The Family Legacy is expected to have finished its capital raising campaign. Since the announcement made by James Dondero on October 4, $200,000 has already been raised. Highland Capital is expected to donate $100,000 to match the money raised.
Highland Capital President, James Dondero
Highland Capital’s president, James Dondero, said that the company’s challenge grant was initiated to answer the call to action made by Dallas City’s mayor and chief of police, Mike Rawlings and David Brown respectively. Dondero added that it was the nature of the Dallas community to get things done. Highland Capital was not only impressed by The Family Place’s campaign but also by the effective response from the community.
James Dondero is one of two co-founders of Highland Capital Management. He is also the acting CMA and CFA of the firm. Today, Highland Capital is one of the biggest and most successful alternative credit management companies globally.